Currency Risk for Business
4 articles
EverBank Merger Deal Reshapes US Banking Landscape
A $3.9 billion merger between EverBank Financial Corp and WaFd Inc. will create a combined bank with $75 billion in assets and over 250 branches, aiming to boost profitability and expand commercial banking services across the United States
Major Banks Adopt Ant International's FalconTST 2.0 for FX Risk
Barclays, Citi, Deutsche Bank, and Standard Chartered are now using Ant International's FalconTST 2.0 AI platform to improve forecasting and manage currency risk in cross-border payments, with new features designed to address real-world data challenges
Bank of America Invests $1.9bn in India's Jio Credit Joint Venture
Bank of America will acquire up to 49.9% of Jio Credit, the digital lending arm of Jio Financial Services, in a deal valued at $1.9 billion, aiming to expand digital lending in India and reshape the country's financial services landscape
Belize Bank Modernises Digital Services with Backbase Banking OS
Belize Bank is overhauling its digital banking by integrating Backbase's AI-native Banking OS, aiming to streamline customer onboarding, unify business cash-flow visibility, and strengthen fraud prevention and identity verification